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McCORMACK WELCOMES BANK’S COMMITMENT TO REGIONAL AUSTRALIA

7 July 2023

Federal Member for Riverina Michael McCormack has welcomed the Commonwealth Bank’s move to ensure its regional banks remain open for at least the next three years.

 

It comes at a time when the Gundagai and Temora communities are still reeling from the announcement earlier this week that their National Australia Bank branches will close in September.

 

Mr McCormack said the Commonwealth Bank was doing its duty as a responsible corporate citizen.

 

“I commend the Commonwealth Bank for its decision to keep regional branches open until at least the end of 2026, which shows respect to those who call the Riverina and Central West home,” Mr McCormack said.

 

“I appreciate that it is not a guarantee of banks staying open but it is a commitment to the regions.

 

“I encourage all banks with a regional footprint to follow this lead to ensure our smaller communities are reassured in what are challenging times for all Australians.

 

“I look forward to the Senate inquiry into Bank Closures in Regional Australia delivering its findings later this year.”

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